Capital Gains Tax

You may experience a capital gain or loss when you dispose of certain property. This disposal may be through a sale or transfer. The type of property for the purpose of capital gain or losses can include, but is not limited to:

Real estate, including land

Stocks

Bonds

Ownership or shares of a privately held company

Certain trusts.

You will need to complete line 127 and Schedule 3 of your income tax return.

Please refer to publication T4037 to determine if you have a reportable capital gain

Valid at participating locations. Referral payment amount, terms, conditions, and availability vary by location and are subject to change without notice. To qualify, your Friend must: (1) Be a new Liberty Tax customer; (2) Present your valid Liberty Send-A-Friend coupon in store; and (3) Prepare, file and pay for their tax return preparation in the store. Discount offer valid only for intended recipient, cannot be combined with any other offer, and may not be used toward past services. Other exclusions may apply. Void where prohibited by law. ​